2026-09-23T14:58:55-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2025-01-01 411563619 LEADING EDGE CREDIT UNION LEAD 5077752802 1127 RYANS ROAD WORTHINGTON MN 56187 CHAD MERRIHEW CEO 5077752802 2026-09-21 1 LISA N RYSSEL CPA P00643670 7147955370 2026-09-21 2025 CHAD MERRIHEW 1127 RYANS ROAD WORTHINGTON MN 56187 9894174 0 X LEADINGEDGECU.ORG X CU 1986 MN MEMBER OWNED FINANCIAL SERVICES. 5 5 58 8 9656 0 0 0 8602749 8977775 732643 916399 0 0 9335392 9894174 0 0 2700393 2676476 2821073 2879575 0 0 0 3686410 3935078 9207876 9491129 127516 403045 142881801 138807045 131254338 126477779 11627463 12329266 WE ARE THE TRUSTED FINANCIAL COOPERATIVE FOCUSED ON PROVIDING EXCEPTIONAL PRODUCTS AND SERVICES TO BENEFIT THE FINANCIAL GROWTH AND FUTURE SUCCESS OF OUR COMMUNITIES AND MEMBERS. 0 0 LOANS - CURRENTLY HAVE 6,706 LOANS OF $107,676,486 TO OUR 11,641 MEMBERS DEPOSITS - CURRENTLY HAVE $121,744,779 IN DEPOSITS HELD BY OUR 11,614 MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2780 0 1 58 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 MN X CHAD MERRIHEW 5077752802 1127 RYANS ROAD WORTHINGTON MN 56187 CHERYL JANSSEN SECRETARY 3.00 X X 0 0 0 PHYLLIS BRUNK DIRECTOR 3.00 X 0 0 0 RANDY DONAHUE CHAIRMAN 4.00 X X 0 0 0 NELSON BONILLA DIRECTOR 2.00 X 0 0 0 MIKE LOOSEBROCK DIRECTOR 3.00 X 0 0 0 CHAD MERRIHEW CEO & PRESIDENT 45.00 X 257032 0 33781 DONNA TIMS CFO 45.00 X 124223 0 19741 LAURA HONKEN CIO 45.00 X 107786 0 9947 ANGELA HENNEN CIO 45.00 X 103221 0 29705 592262 0 93174 4 0 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE, DATA PROCESSING, ITALK 412709 1 LOAN INTEREST 522100 6561473 6561473 FEES & CHARGES 522100 1387036 1377380 9656 OTHER OPERATING INCOME 522100 1029266 1029266 8977775 916399 916399 9894174 8968119 9656 916399 2676476 685436 1796987 54056 163902 179194 3720 60779 176995 2178960 405588 87936 215441 199688 PROVISION FOR CREDIT LO 404000 OTHER OPERATING EXPENSE 122277 LOAN SERVICING EXPENSE 77606 OPERATING FEES 2088 9491129 1923445 3887793 12874212 9602068 150 315 2507186 2532390 104220735 107177325 289139 266264 8885616 3949242 5079988 4936374 9588301 5230641 2239000 996000 4159645 4177875 142881801 138807045 1953853 1733000 7500000 3000000 121800485 121744779 131254338 126477779 X 0 0 0 0 11627463 12329266 11627463 12329266 142881801 138807045 403045 298758 0 X 0 0 0 839926 839926 5218227 1803800 3414427 410942 106103 304839 2397921 2039339 358582 18600 18600 4936374 MEMBER SHARES OF ALL TYPES 121744779 121744779 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. IN ACCORDANCE WITH THE INCOME TAXES TOPIC OF THE FASB ASC, THE CREDIT UNION EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BASED UPON THE LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. IF THE CREDIT UNION DETERMINES THAT A TAX POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, IT RECOGNIZES THE LARGEST AMOUNT OF THE ARISING BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT IN THE FINANCIAL STATEMENTS. ANY TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT DO NOT PASS THE MORE LIKELY THAN NOT TEST, THE CREDIT UNION ESTABLISHES RESERVES OFFSETTING THE BENEFITS RELATED TO SUCH POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN THE CURRENT PERIOD PROVISION FOR INCOME TAXES IN THE CREDIT UNION'S STATEMENTS OF INCOME (LOSS) AND ARE INCLUDED AS A CURRENT LIABILITY IN THE STATEMENTS OF FINANCIAL CONDITION. X X 1 1 X X 0 0 0 CHAD MERRIHEW CEO & PRESIDENT 232633 0 23625 0 774 0 0 0 33781 0 290813 0 0 0 PART I, LINE 1A BOARD AND EXECUTIVE TEAM SPOUSES ARE COVERED FOR TRAVEL EXPENSES. CEO RECEIVES GOLF CLUB MEMBERSHIP. PART I, LINE 3 BOARD REVIEWS COMPENSATION SURVEY AND MAKES ANNUAL ADJUSTMENTS. CHAD MERRIHEW CEO SPLIT DOLLAR LOAN X 2378000 2532390 0 1 1 2532390 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 11,641 MEMBERS AS OF 12/31/25 FORM 990, PART VI, SECTION A, LINE 7A OUR MEMBERS ELECT OUR BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B SOME BYLAW CHANGES REQUIRE APPROVAL BY OUR MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW AND THE CEO SIGNS FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE IS TO FILL OUT THE FORM ANNUALLY; RESTRICTIONS ARE PLACED SO EMPLOYEE IS BLOCKED FROM MAKING TRANSACTIONS ON THOSE ACCOUNTS FORM 990, PART VI, SECTION B, LINE 15 HR USES CU COMPENSATION BENCHMARKS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 POSTED IN OUR LOBBIES.